realestatebusiness logo
Subscribe to our newsletter SIGN UP

What makes a great landlord?

March 08, 2015 Daniel Bligh 0 comments

Conversely, who are those clients that are causing them more stress than necessary?

Let us explain a great landlord:

  • They are willing to spend money on repairs and maintenance promptly
  • They follow the rules and regulations of tenancies
  • They communicate and listen to feedback from the property manager
  • They reduce rent where necessary, increase where justifiable
  • They attend and are involved in AGMs and executive committees
  • They are friendly but business-like in their approach to tenancies

Some clients actually reward tenants for good tenancies over the years and we even go as far to suggest small gifts or cash back. Let us explain: If a tenancy comes to an end and prospective tenants are found before the end of the period before the existing tenancy lapses, this minimal vacancy and their assistance with access and presentation goes a long way for the landlord’s bottom dollar.

By having a knowledgeable and well-informed property manager, this also goes a long way in keeping the agent/client relationship healthy, so we advocate great training for our staff and ensure they are well remunerated to handle a busy workload – to keep this level of service at a premium.

A not-so-great landlord?

  • All the elements mentioned above, but reversed!
What makes a great landlord?
lawyersweekly logo

Daniel serves as the managing director at elevate property group and is located in Sydney, Australia. elevate specialises in property management and service.

Prior to joining elevate, Daniel served in both property management and sales at BradfieldCleary Real Estate in Double Bay. 

Before real estate, Daniel worked in executive sales at Fairfax Media selling those annoying pop up ads online across their various websites! 

At the moment, Daniel is a tenant, a Landlord and a licenced real estate agent.

 

More articles from this author:
FROM THE WEB
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 50 women 2018

The 2018 REB Top 50 Women in Real Estate ranking is out now, see the full 2018 ranking here!

featured podcast

featured podcast
Maintaining top agent status in a softening market

The current Australian property market is challenging. Rapid and ongoing change combined with a softening market means you’ll need an adap...

View all podcasts

How do you get your day started?

I get up early and get to the office to get ahead of my competition
I get up early and get an exercise workout in first thing
I take my time getting to the office, avoiding exercise, to be fresh when I hit the phones
I have no regular routine, rather I take everyday as it comes
Do you have an industry update?
REAL ESTATE BUSINESS NEWSLETTER
Ensure you never miss an issue of the Real Estate Business Bulletin. Enter your email to receive the latest real estate advice and tools to help you sell.